-The Times of India Ignoring objections raised by theBoard of Control for Cricket in India (BCCI), the government said there were reasonable grounds for bringing the organisation under the Right to Information Act. In a seven-page written statement submitted before the Central Information Commission, thesports ministry said although there was no direct funding of BCCI, it got "substantial indirect funding" from the government in the form of revenue foregone like "concessions...
More »SEARCH RESULT
Total Matching Records found : 59
Tax exemptions for rich costs govt Rs 4.6L cr
-The Times of India The subsidy for the poor is dwindling, but this has not deterred the government from lining up corporate houses' pockets. Last year, the Centre gave away potential revenue of Rs 4.6 lakh crore on account of various tax exemptions and incentives to industrialists, compared to the Rs 1.54 lakh crore on subsidy to poor and farmers. There are direct tax incentives and exemptions to businesses in the corporate...
More »Justice Markandey Katju clarifies
-The Hindu Justice Markandey Katju, Chairman, Press Council of India, has issued the following clarification on his critical observations of the Indian media. I have expressed my views relating to the media in several T.V. interviews I gave as well as in my articles in some newspapers. However, many people, including many media people, wanted clarification and amplification of some of the issues I had raised. Many media people (including several T.V. channels)...
More »The gang that couldn't shoot straight by P Sainath
As we close in on 20 years of Manmohanomics, it's worth remembering one chant the chattering classes uttered, first with pride, later to console themselves. “Whatever you say, we have the most honest man in Dr. Manmohan Singh. And no one can speak a word against him.” It's less heard now — those affections having been transferred to other punters in the honesty sweepstakes. But growing numbers do say this...
More »Corporate socialism's 2G orgy by P Sainath
The Union budget writes off Rs.240 crore in corporate income tax every single day on average — the same amount leaves India each day in illicit fund flows to foreign banks. In six years from 2005-06, the Government of India wrote off corporate income tax worth Rs.3,74,937 crore — more than twice the 2G fraud — in successive Union budgets. The figure has grown every single year for which data are...
More »
